Robinhood vs TD Ameritrade

Robinhood is a free way to trade stocks with limited bells and whistles. How does it compare to TD Ameritrade? Read our comparison chart below.

Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month.

While TD Ameritrade offers $0 commission online stock, ETF, and option trades. This online broker also has more than 100 branch locations. There is no minimum deposit, no maintenance fee, and no inactivity fee.

Compare Robinhood with TD Ameritrade, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

		TD AmeritradeAcornsStashAlly InvestBetterment
	Robinhood	TD Ameritrade
	OFFER Get a Free Stock (worth between $2.50 and $225) - Learn More Read Robinhood Review	OFFER Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More Read TD Ameritrade Review
	Benefits and Features
Stock Trading	$0	$0 commission for online stock, ETF, and option trades
Options Trading	$0	$0.65 per contract
Annual Fee	None
Cryptocurrency Trading
Minimum Deposit	$0	$0
Mutual Fund Trading	No	Up to $49.95 or $74.95 for buys. $0 for sells
Commission Free ETFs	All U.S. listed ETFs	550+ Commission-Free ETFs
Phone Support	24/7
Live Chat Support	No
Email Support	Yes
Human Advisors	No
Robo Advisor	No
Assets Under Management	$80 Billion
Penny Stocks
Tax Loss Harvesting	No
Goal Tracker	No
Automatic Deposits	Yes
Broker Assisted Trades	Not available	$25
Customer Service		(800) 669-3900 (Open 24/7)
Good For	Beginners; Active traders
Inactivity Fee	$0	$0
Maintenance Fee	$0	$0
Online Platform	Yes
iPhone App	Yes (4.2 stars, 4m ratings)
Android App	Yes (3.8 stars, 453k ratings)
Banking	Robinhood Cash Card (coming soon). No monthly fee, minimum balance, or overdraft fees; Ability to earn stock and crypto rewards.	Cash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.
Mobile App	Yes
Desktop App		Thinkorswim
Two-Factor Authentication	Yes
Forex Trading
Futures Trading		$2.25 per contract (plus exchange & regulatory fees)
Locations	No	More than 100 locations in 34 states
Online Community	No
Seminars	No	Online webcast
Virtual Trading	No	Paper Trading to practice/test strategies and ideas.
Fractional Shares	Yes
Taxable Accounts	Yes
401k Plans	No
IRA Accounts	No
Roth IRA Accounts	No
SEP IRA Accounts	No
Trust Accounts	No
529 Plans	No
	CreditDonkey® Reviews
Stock Trading
Options Trading
Minimum Deposit
Customer Service
Mobile App
Commissions and Fees
Ease of Use
Research
Banking
Online Community
Trading Platform
Pros & Cons	Pros: Commission-free trades No minimum Extended trading hours Cons: No IRAs Limited research No mutual funds & bonds	Pros: Easy to Use Thinkorswim Platform Customer Service Cons: Trade Fees
Bottom Line	Free way to trade stocks with limited bells and whistles... Read full review	Good online broker for long-term investors... Read full review
	Get a Free Stock (worth between $2.50 and $225) Commission-Free Trades Commission-Free Options Investing	Commission-Free Trading - Online Stock, ETF and Option Trades Open an IRA in 15 minutes or less
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Robinhood: Pricing information from published websites as of 04/18/2020. TD Ameritrade: Pricing information from published website as of 07/18/2019.

Get a Free Stock (worth between $2.50 and $225)

Get a Free Stock

Commission-Free Trades

Get Deal

Trade stocks, funds, options, and cryptocurrencies

Commission-Free Options Investing

Get Deal

Robinhood offers commission-free and no monthly fee options trading.

Which is Better: Robinhood or TD Ameritrade?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Robinhood or Ally Invest.

In short: Robinhood's stock trading and commissions and fees are impressive. TD Ameritrade's mobile app and research are impressive.

Articles on Robinhood

Robinhood Review

Robinhood lets you trade stocks commission-free and has no account minimums. Is it safe? Are there hidden fees? Read on for the pros and cons.

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Thinking about trading on Robinhood? Good job on getting started investing! But first, there are 7 things you need to know before investing on Robinhood.

Articles on TD Ameritrade

TD Ameritrade Review

TD Ameritrade fees are higher than competitors, but is it worth it? We say yes and here's why. We analyze and compare it for you in our in-depth review.

• TD Ameritrade vs Betterment

TD Ameritrade Customer Service

TD Ameritrade offers 24/7 customer service - both online and on the phone. But the best way to actually contact TD Ameritrade may surprise you. Read on.

Which Do You Think is Best?

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